UK banks shun companies trading with Ukraine

Featured in Politico Europe

UK - Ukraine Trade


... a U.K. Treasury spokesperson said the issue of firms trading with Ukraine is "not in scope" of its ongoing PEP / de-banking review, which pertains to individuals rather than businesses. The spokesperson added: “We continue to stand firm in our support for Ukraine, with significant military and humanitarian assistance.” Tom Keatinge, director of the Centre for Financial Crime and Security Studies at the Royal United Services Institute (RUSI) think tank, said this would be of little comfort to affected businesses. "While the government seems willing to act on the concerns of Nigel Farage," he noted, "it does not seem willing to facilitate the continued operation of trading relationships between U.K. and Ukrainian companies."